ORN Earnings Prediction
The chart below shows how ORN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ORN sees a -2.26% change in stock price 10 days leading up to the earnings, and a +0.23% change 10 days following the report. On the earnings day itself, the stock moves by -1.61%. This data can give you a slight idea of what to expect for the next quarter's release.
ORN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
226.68M
34.54%
17.96%
Gross Margin
11.94%
5.85%
25.55%
Operating Margin
2.74%
146.85%
-283.89%
Net Margin
1.88%
582.05%
-154.65%
EPS
0.12
700.00%
-160.00%
No Data Available
ORN Earnings Analysis
Orion Group Holdings, Inc Corporation (ORN.N) Earnings Conference Call
Positive
Revenue Surge: 1. Significant Revenue Growth: Orion Group Holdings reported total revenue of $226.7 million for Q3 2024, reflecting a 35% increase compared to the same period last year.
Adjusted EBITDA Surge: 2. Improved Adjusted EBITDA: The company achieved an adjusted EBITDA of $15.2 million in Q3 2024, marking a 62% improvement year-over-year and surpassing the entire first half of the year by 59%.
Cash Flow Improvement: 3. Strong Cash Flow Generation: Orion generated $35.2 million in cash flow from operations during Q3 2024, a substantial turnaround from negative cash flow of $15.1 million in the same quarter last year.
Future Revenue Potential: 4. New Contract Awards: In October 2024, Orion secured $116 million in new contract awards, set to commence in Q4 2024, indicating strong future revenue potential.
Gross Profit Margin Increase: 5. Increased Gross Profit Margin: The consolidated gross profit margin for Q3 2024 rose to 11.9% of revenue, up from 11.3% in the same period last year, driven by improved pricing and execution.
Negative
Backlog Decrease Analysis: 1. Declining Backlog: The company's backlog decreased to $690.5 million in Q3 2024 from $758.4 million in Q2 2024 and $877.5 million in Q3 2023, indicating a significant drop in future project commitments.
Contract Win Rate Challenges: 2. Low Win Rate: The contract win rate for the quarter was only 13.4%, with a book-to-bill ratio of 0.7 times, suggesting challenges in securing new contracts relative to the volume of bids submitted.
Rising SG&A Expenses: 3. Increased SG&A Expenses: Selling, general, and administrative expenses rose to $20.8 million in Q3 2024 from $17.1 million in the same period last year, reflecting higher costs associated with compensation and business development efforts.
Concrete Segment Stagnation: 4. Concrete Revenue Decline: Revenue from the concrete segment decreased by 1% year-over-year, indicating stagnation in this area despite overall revenue growth in other segments.
Property Sale Delay: 5. Delayed Property Sale: The anticipated sale of the East West Jones property did not close as expected in September due to buyer's due diligence delays, impacting liquidity and potential cash inflow.
ORN FAQs
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ORN Earning Call Sentiment
Orion Group Holdings, Inc. (ORN) Q3 2024 Earnings Call Transcript
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ORN.N
-0.62%Positive
The company reported a strong financial performance with a 35% YoY revenue increase and a significant rise in adjusted EBITDA. Despite lowering revenue guidance, optimistic long-term growth and margin improvement expectations were highlighted. The backlog decreased, but the pipeline remains strong. The secondary offering might be seen as a negative, but overall, the positive financial results, optimistic guidance, and resolved project delays suggest a positive stock price movement over the next two weeks.
